SNK held an investor meeting today and announced that a new Metal Slug title is in the works. They also announced new consoles that are in development - a Neo Geo 2 & 3. SNK cited the better than expected sales of the Neo Geo Mini as the reason for getting back into the console business. The only detail listed is that it will be a "semi-open platform".

I would be surprised if they were aiming to compete with Sony, Microsoft and Nintendo. My guess would be they're just gonna do their own niche thing. But a fourth major player in the console market would be cool!